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Meeting Date:
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6/15/2022 - 3:30 PM
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Category:
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Consent Calendar
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Type:
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Action
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Subject:
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11.55 BUSINESS: Resolution No. 40:21-22 - Temporary Loan Between Funds for 2022-23 Fiscal Year (no fiscal impact)
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Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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Education Code 42603 allows the Governing Board to direct monies held in any fund or account to be temporarily transferred to another fund or account of the District for the payment of obligations. The District is issuing the attached Resolution 40:21-22 for temporary borrowing between funds or accounts, if necessary.
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Funding:
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No fiscal impact.
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Recommendation:
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It is recommended that the Board of Trustees adopt Resolution 40:21-22 - Temporary Loan Between Funds for 2022-23 Fiscal Year.
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Approvals:
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Recommended By:
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Signed By:
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Alisha Underwood - Director of Fiscal Services
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Signed By:
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Candace Reines - Deputy Superintendent
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Signed By:
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Grant Bennett - Superintendent
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Vote Results:
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| Original Motion | | Member Dr. Randall Freeman Moved, Member Anthony T. Stafford, Sr. seconded to approve the Original motion 'It is recommended that the Board of Trustees adopt Resolution 40:21-22 - Temporary Loan Between Funds for 2022-23 Fiscal Year.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Elizabeth Vallejo | Yes | | Dr. Randall Freeman | Yes | | David Nelissen | Yes | | Anthony T. Stafford, Sr. | Yes | |
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